Soft discretionary spending in IT services
Management noted that discretionary spending remains soft with no change from previous quarters, which could impact growth.
HCLTECH / Q3-FY24 / risks
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HCLTech · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Uncertain demand environment in Americas
Despite strong growth, the Americas demand environment remains challenging, which could affect future performance.
GenAI revenue still nascent
GenAI programs are currently small and in pilot stages; significant ramp-up is expected only over coming quarters.
Potential margin pressure from wage hikes
Wage hikes impacted services margins by 65 bps in Q3, and Q4 will see a smaller impact of 20-25 bps.